Polytec Holding
Market Cap
€139.9m
Last Updated
2020/02/28 21:55 UTC
Data Sources
Company Financials +
Executive Summary
Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic components for the automotive and plastics industry worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with adequate balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Polytec Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PYT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-15.1%
PYT
-10.9%
AT Auto Components
-9.4%
AT Market
1 Year Return
-27.6%
PYT
-17.3%
AT Auto Components
-6.4%
AT Market
Return vs Industry: PYT underperformed the Austrian Auto Components industry which returned -17.3% over the past year.
Return vs Market: PYT underperformed the Austrian Market which returned -6.4% over the past year.
Shareholder returns
| PYT | Industry | Market | |
|---|---|---|---|
| 7 Day | -15.1% | -10.9% | -9.4% |
| 30 Day | -22.9% | -7.9% | -8.7% |
| 90 Day | -31.1% | -15.5% | -9.6% |
| 1 Year | -24.5%-27.6% | -14.5%-17.3% | -3.0%-6.4% |
| 3 Year | -47.7%-52.5% | -30.0%-35.0% | 12.8%2.7% |
| 5 Year | 0.06%-15.2% | -20.7%-28.7% | 36.7%17.7% |
Price Volatility Vs. Market
How volatile is Polytec Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What To Know Before Buying Polytec Holding AG (VIE:PYT) For Its Dividend3 weeks ago | Simply Wall St
Volatility 101: Should Polytec Holding (VIE:PYT) Shares Have Dropped 39%?1 month ago | Simply Wall St
Why Polytec Holding AG’s (VIE:PYT) Return On Capital Employed Looks UninspiringValuation
Is Polytec Holding undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PYT (€6.7) is trading below our estimate of fair value (€22.66)
Significantly Below Fair Value: PYT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PYT is good value based on its PE Ratio (7x) compared to the Auto Components industry average (10.2x).
PE vs Market: PYT is good value based on its PE Ratio (7x) compared to the Austrian market (13x).
Price to Earnings Growth Ratio
PEG Ratio: PYT is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: PYT is good value based on its PB Ratio (0.6x) compared to the XE Auto Components industry average (1x).
Next Steps
Future Growth
How is Polytec Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PYT's forecast earnings growth (10.4% per year) is above the savings rate (-0.1%).
Earnings vs Market: PYT's earnings (10.4% per year) are forecast to grow faster than the Austrian market (2.3% per year).
High Growth Earnings: PYT's earnings are forecast to grow, but not significantly.
Revenue vs Market: PYT's revenue (3.1% per year) is forecast to grow faster than the Austrian market (2.5% per year).
High Growth Revenue: PYT's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PYT's Return on Equity is forecast to be low in 3 years time (9.9%).
Next Steps
Past Performance
How has Polytec Holding performed over the past 5 years?
9.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PYT has high quality earnings.
Growing Profit Margin: PYT's current net profit margins (3.4%) are lower than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: PYT's earnings have grown by 9.6% per year over the past 5 years.
Accelerating Growth: PYT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PYT had negative earnings growth (-28.3%) over the past year, making it difficult to compare to the Auto Components industry average (-12.8%).
Return on Equity
High ROE: PYT's Return on Equity (9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Polytec Holding's financial position?
Financial Position Analysis
Short Term Liabilities: PYT's short term assets (€277.2M) exceed its short term liabilities (€129.3M).
Long Term Liabilities: PYT's short term assets (€277.2M) exceed its long term liabilities (€217.7M).
Debt to Equity History and Analysis
Debt Level: PYT's debt to equity ratio (84.5%) is considered high.
Reducing Debt: PYT's debt to equity ratio has reduced from 101.4% to 84.5% over the past 5 years.
Debt Coverage: PYT's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: PYT's interest payments on its debt are well covered by EBIT (8x coverage).
Balance Sheet
Inventory Level: PYT has a high level of physical assets or inventory.
Debt Coverage by Assets: PYT's debt is covered by short term assets (assets are 1.3x debt).
Next Steps
Dividend
What is Polytec Holding's current dividend yield, its reliability and sustainability?
6.29%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Polytec Holding before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PYT's dividend (5.97%) is higher than the bottom 25% of dividend payers in the Austrian market (1.61%).
High Dividend: PYT's dividend (5.97%) is in the top 25% of dividend payers in the Austrian market (4.98%)
Stability and Growth of Payments
Stable Dividend: PYT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PYT's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.5%), PYT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PYT's dividends in 3 years are forecast to be well covered by earnings (31% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Markus Huemer (38yo)
1.1yrs
Tenure
€440,000
Compensation
Mr. Markus Huemer has been Chief Executive Officer of Polytec Holding AG since January 1, 2019 and also serves as Chairman of the Board since January 01, 2019. Mr. Huemer served as Chief Operating Officer ...
CEO Compensation Analysis
Compensation vs Market: Markus's total compensation ($USD482.93K) is below average for companies of similar size in the Austrian market ($USD823.18K).
Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 1.1yrs | €440.00k | no data | |
| CFO & Director | 9yrs | €277.00k | no data | |
| CSO & Director | 1.5yrs | €371.20k | no data | |
| 1.2yrs | €1.10m | 16.24% €22.7m | ||
| COO & Director | 1.1yrs | no data | no data | |
| Head of Investor Relations | 0yrs | no data | no data | |
| Head of Industrial Division | 0yrs | no data | no data | |
| Head of Product Development Composites | 0yrs | no data | no data |
1.2yrs
Average Tenure
52.5yo
Average Age
Experienced Management: PYT's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Supervisory Board | 15.1yrs | no data | no data | |
| Member of Supervisory Board | 13.8yrs | no data | no data | |
| Chairman of the Supervisory Board | 12.7yrs | no data | no data | |
| Deputy Chairman of the Supervisory Board | 12.7yrs | no data | no data | |
| Member of Supervisory Board | 10yrs | no data | no data |
12.7yrs
Average Tenure
67yo
Average Age
Experienced Board: PYT's board of directors are seasoned and experienced ( 12.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Polytec Holding AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Polytec Holding AG
- Ticker: PYT
- Exchange: WBAG
- Founded: 1986
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €139.892m
- Shares outstanding: 22.00m
- Website: https://www.polytec-group.com
Number of Employees
Location
- Polytec Holding AG
- Polytec-Strasse 1
- Hörsching
- Upper Austria
- 4063
- Austria
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PYT | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Apr 2006 |
| P4N | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Apr 2006 |
| 0GOX | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Apr 2006 |
| PYTV | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Apr 2006 |
| P4N | BRSE (Berne Stock Exchange) | Yes | Ordinary Shares | CH | CHF | Apr 2006 |
Biography
Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic components for the automotive and plastics industry worldwide. The company offers passenger car engine parts, including battery panels, timing belt protections, cooling water tubes, engine and water box covers, oil pans, charge-air ducts, fuel distributor rails, electronic boxes, air separator vent pipes, brake fluid reservoirs, chain adjustment systems, expansion pressure systems, cylinder head covers, intake manifolds, and crank case vents. It also provides interior parts, such as trunk load floors, cargo step protection, and trunk lid covers; and non-automotive products comprising drainage systems, transport boxes, and modules of home appliances. In addition, the company offers roof spoilers, cabin steps and tractor fenders, cabin roofs, front lids, side deflectors, bumpers, cab corners, tractor engine hoods, valve covers, and wiring inlet casings for commercial vehicles. Further, it provides trunk lids, tonneau covers, rear spoilers, and scuttle panels, as well as propeller shaft guards, mounting supports, under body shields, and aerodynamic resistance panels for passenger cars; and solar panel frames, conductor rail carriers, parabol reflectors, illumination technology, ground plates, and conveyor and storage systems for other vehicles. Additionally, the company offers original accessories, and small series parts and systems for the automotive industry; and plastic molded parts and polyurethane coatings for various industrial applications. Polytec Holding AG was founded in 1986 and is headquartered in Hörsching, Austria.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/28 21:55 |
| End of Day Share Price | 2020/02/28 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.